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MarkRoberts
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Big-Box Retailer Walmart Is Not New to Blockchain Related Products

Mon Aug 23, 2021 1:18 pm

Walmart’s job advert comes weeks after rumors surfaced that its biggest rival Amazon was making an entrance into the crypto scene. The rumors also stemmed from Amazon’s job advert for a digital currency and blockchain product lead.

However, Walmart has dipped its foot in blockchain-related matters in the past. In 2019, the American retail giant applied for a patent on price-stable crypto. The digital asset would be similar to Libra, Facebook’s nascent project.

Walmart has occasionally applied the use of distributed ledger technology to track products such as food and drugs along the supply chain. Additionally, at the beginning of this year, big-box retailer Walmart created a fintech unit called Hazel, in a bid to get a share of the consumer finance pie.

https://mycryptoparadise.com/walmart-is-diving-into-crypto-according-to-its-latest-job-ad/

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